Super oil, over $ 75. Bad utilies, tax hypothesis on the Spanish model
2021-09-15T14:00:48.203Z
Weak European exchanges on a day that got off to a bad start with disappointing data on retail sales and industrial production in China in August. In Europe, the stock exchanges in Milan fell mainly, -0.85%, and in Madrid, -1.09%. Among the sectors in Piazza Affari, utilities fell above all (-3.86% for the sector index), ie suppliers of electricity, gas, water and waste. This is because in the face of the expected increases in the bills there is the possibility that the government will intervene. And investors speculate that we will follow the path of Spain, where among others a tax levy has been imposed on the extra-profits of the operators of nuclear and hydroelectric plants. Companies that are benefiting from the increase in electricity prices caused by the rise in gas prices. Nearly -5% Enel,which has a group company, Endesa, in Spain. In terms of energy, the price of oil rises again, breaking through $ 75 per barrel with Brent from the North Sea (75.5, + 2.68% compared to yesterday). At 2.30 pm, however, good news arrived from the United States: the Empire State manufacturing index was better than expected, at 34 in September, instead of the expected 18 and the previous 18.3. At the opening, however, the Wall Street indices are negative: Dow Jones and Nasdaq both -0.15%, S&P 500 -0.07 percent. Among other stocks, badly Moncler, -4.76%; today all luxury titles are penalized, such as Tod's, Salvatore Ferragamo and Brunello Cucinelli.+ 2.68% compared to yesterday). At 2.30 pm, however, good news arrived from the United States: the Empire State manufacturing index was better than expected, at 34 in September, instead of the expected 18 and the previous 18.3. At the opening, however, the Wall Street indices are negative: Dow Jones and Nasdaq both -0.15%, S&P 500 -0.07 percent. Among other stocks, badly Moncler, -4.76%; today all luxury titles are penalized, such as Tod's, Salvatore Ferragamo and Brunello Cucinelli.+ 2.68% compared to yesterday). At 2.30 pm, however, good news arrived from the United States: the Empire State manufacturing index was better than expected, at 34 in September, instead of the expected 18 and the previous 18.3. At the opening, however, the Wall Street indices are negative: Dow Jones and Nasdaq both -0.15%, S&P 500 -0.07 percent. Among other stocks, badly Moncler, -4.76%; today all luxury titles are penalized, such as Tod's, Salvatore Ferragamo and Brunello Cucinelli.P 500 -0.07 per cent. Among other stocks, badly Moncler, -4.76%; today all luxury titles are penalized, such as Tod's, Salvatore Ferragamo and Brunello Cucinelli.P 500 -0.07 per cent. Among other stocks, badly Moncler, -4.76%; today all luxury titles are penalized, such as Tod's, Salvatore Ferragamo and Brunello Cucinelli.
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By Fabrizio Patti
15 September 2021 Weak European stocks, on a day that started badly with the release of disappointing data on retail sales and industrial production in China in August.
In Europe, the stock exchanges in Milan fell mainly, -0.85%, and in Madrid, -1.09%.
Among the sectors in Piazza Affari, utilities fell above all (-3.86% for the sector index), ie suppliers of electricity, gas, water and waste. This is because in the face of the expected increases in the bills there is the possibility that the government will intervene. And investors speculate that we will follow the path of Spain, where among others a tax levy has been imposed on the extra-profits of the operators of nuclear and hydroelectric plants. Companies that are benefiting from the increase in electricity prices caused by the rise in gas prices. Enel, which has a group company, Endesa, is close to -5%.
In terms of energy, the price of oil rises again, breaking through $ 75 per barrel with Brent from the North Sea (75.5, + 2.68% compared to yesterday).
At 2.30 pm, however, good news arrived from the United States: the Empire State manufacturing index was better than expected, at 34 in September, instead of the expected 18 and the previous 18.3. At the opening, however, the Wall Street indices are negative: Dow Jones and Nasdaq both -0.15%, S&P 500 -0.07 percent.
Among other stocks, badly Moncler, -4.76%; today all luxury titles are penalized, such as Tod's, Salvatore Ferragamo and Brunello Cucinelli.
